OSI Systems Awarded IDIQ Service and Maintenance Contract Valued Up to $140 M from US CBP

OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) announced today that its Security division has received a five-year indefinite delivery, indefinite quantity (IDIQ) contract valued up to $140 million from the United States Customs and Border Protection (U.S. CBP) for the service and maintenance of its cargo, vehicle, and parcel inspection systems. The Company also announced that it has received an initial delivery order for approximately $25 million to provide support services, including maintenance services, logistics, parts, and program management required to sustain the agency’s inspection systems.

“We are pleased to receive this IDIQ contract and initial delivery order to help ensure that our Rapiscan® Systems and AS&E® cargo, vehicle, and parcel inspection systems continue to operate at peak performance,” said OSI Systems’ Chairman and CEO, Deepak Chopra. “We are proud to continue to be a trusted resource for this valued customer and assist in its important counter-drug and anti-terrorism missions.”